Free press releases distribution network?

Agency / Source: BASF

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Kolon Plastics and BASF to Set Up Joint Venture for the Production of Polyoxymethylene (POM) in Korea - Kolon Plastics and BASF signed an agreement to establish a joint venture in Korea to manufacture polyoxymethylene (POM) - KolonPlastics.com / BASF.com
Kolon Plastics and BASF to Set Up Joint Venture for the Production of Polyoxymethylene (POM) in Korea

 

PRZOOM - /newswire/ - Gimcheon, Korea (South), 2016/03/16 - Kolon Plastics and BASF signed an agreement to establish a joint venture in Korea to manufacture polyoxymethylene (POM) - KolonPlastics.com / BASF.com. DE000BASF111

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Partners to build the world’s largest POM production complex;
• Joint venture to use highly efficient production technology;
• Specialty products for the global market.

Kolon Plastics and BASF today signed an agreement to establish a joint venture in Korea to manufacture polyoxymethylene (POM), an engineering plastic used in industrial, transportation, construction and consumer markets.

The 50:50 joint venture named “Kolon BASF innoPOM, Inc.” will have an annual capacity of 70,000 metric tons. It will be located at the existing manufacturing site of Kolon Plastics in Gimcheon, Korea, which already includes a POM production. The start of operation is scheduled for the second half of 2018 creating in total the world’s largest complex for the production of POM.

Both companies have long-term experience in POM production and will use Kolon’s highly efficient production technology to provide best-in-class product quality. “In the new joint venture the strengths of each company will be reinforced enhancing our overall competitiveness. Kolon Plastics’ globally leading technology and the efficiencies of the existing infrastructure will generate significant synergies. We are looking forward to this joint venture that may lead to further opportunities for cooperation,” said Mr. Hee Goo Jang, CEO of Kolon Plastics.

The products are to be marketed around the world separately by the two companies under their respective trade names and proprietary formulations. “Kolon and BASF have had an excellent business relationship for many years,” said Raimar Jahn, President of BASF’s Performance Materials division. “The markets for POM are growing around the world. Particularly in Asia the joint venture will strengthen our ability to support our customers with high-performing, innovative specialties.”

Following the start-up of the new plant in Korea in the second half of 2018, BASF will discontinue production of POM in Ludwigshafen.

Polyoxymethylene resins are engineering plastics used in complex and highly durable components. Their high strength and resilience, friction performance and chemical resistance enable a broad range of applications used in automotive manufacturing as well as for electric and electronic goods, consumer goods, medical products and construction.

Kolon markets its POM product line under the trade name Kocetal®. BASF offers POM products for a wide range of applications under the trade name Ultraform®.

Kolon Contacts: Yung-koo Park / Yoon-kee Lee
P: +82 2 3677 3612 / +82 2 3677 3628

Trade media: Martin Rissmann
P: +32 2 373-2131 - E: martin.rissmann[.]basf.com.

About Kolon Plastics
Kolon Plastics,'Global Major Player' of engineering plastics and high-end materials, is the only engineering plastics specialist company in Korea that produces and sells engineering plastics. Kolon Plastics (kolonplastics.com) produces and sells base products of the world-best quality as well as compound products that can show various features that customers want. We have a sales network in over 90 countries around the globe including Japan, USA and Europe, and also have domestic branches with lots of experience. Based on such cumulated technical ability, R&D ability and global marketing ability, we will provide various services at all times by standing on the side of our customers. It is the strong will of Kolon Plastics to grow into a ‘materials manufacturer leading the global market’. Kolon Plastics shares are traded on the stock exchanges in Korea (KOSPI).

About BASF
At BASF (basf.com), we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 112,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: BASF

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Kolon Plastics and BASF to Set Up Joint Venture for the Production of Polyoxymethylene (POM) in Korea

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
BASF | Kolon Plastics
Contact: Sabrina van der Pütten - BASF.com 
+49 621 6071233 / +49 173 3796836 (mobile) sabrina.van-der-puetten[.]basf.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From BASF / Company Profile


Read Manufacturing/Robotics Most Recent Related Press Releases:

Hexagon Manufacturing Intelligence Shows Data-Driven Production Solution at StonExpo
Nexans’ HV Cables to Connect ScottishPower Renewables’ 714 MW Wind Farm to Shore
SWEP Introduces The New B649HT
Bahrain’s Alba Places Order for GE’s World-Record-Setting HA Technology & Signs Long-Term Service Agreement
PPG Coatings Create Showpiece Finish for Carrington Livery
METTLER TOLEDO Launches New Melting Point Excellence Instruments MP55 and MP80
Frost & Sullivan Applauds Borealis’ Dedicated Efforts to Enhance its Healthcare Brand and Sustainable Growth
PPG to Highlight Automotive Coatings At 2017 NAIAS
Voith Receives Order for BillerudKorsnäs 550.000 T/y Board Machine in Gruvön, Sweden
PPG Completes Acquisition of Romanian Paint and Coatings Manufacturer DEUTEK

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Intrinsic Executive Search Ltd

Visit  NAKIVO, Inc.

Visit  BizJobs.com







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today